Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v2.4.0.8
Net Loss Per Share
6 Months Ended
Jul. 31, 2013
Earnings Per Share [Abstract]  
Net Loss Per Share

13. Net Loss Per Share

Earnings per share are presented in accordance with authoritative guidance which requires the presentation of “basic” and “diluted” earnings per share. Basic earnings per share is computed by dividing earnings available to common shareholders by the weighted-average shares of common stock outstanding during the period. For the purposes of calculating diluted earnings per share, the denominator includes both the weighted average number of shares of common stock outstanding during the period and the weighted average number of shares of potential common stock, such as stock options and RSUs, calculated using the treasury stock method.

 

The following table sets forth our computation of basic and diluted net loss per common share (amounts in thousands, except per share amounts):

 

     Three Months Ended     Six Months Ended  
     July 31,     July 31,  
     2013     2012     2013     2012  

Net income (loss) from continuing operations—basic

   $ 343      $ (8,098   $ (1,677   $ (8,385

Net (loss) income from discontinued operations—basic and diluted

     (558     2,100        (523     (17,190
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss—basic

   $ (215   $ (5,998   $ (2,200   $ (25,575
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares used in computing loss per share—basic

     32,584        32,629        32,547        32,585   

Dilutive potential common stock equivalents (1,2)

     681        534        707        507   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average shares used in computing income per share—diluted (1)

     33,265        33,163        33,254        33,092   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share—basic:

        

Income (loss) from continuing operations

   $ 0.01      $ (0.25   $ (0.05   $ (0.25

(Loss) income from discontinued operations

     (0.02     0.07        (0.02     (0.53
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share—basic

   $ (0.01   $ (0.18   $ (0.07   $ (0.78
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share—diluted:

        

Income (loss) from continuing operations

   $ 0.01      $ (0.25   $ (0.05   $ (0.25

(Loss) income from discontinued operations

     (0.02     0.07        (0.02     (0.53
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share—diluted

   $ (0.01   $ (0.18   $ (0.07   $ (0.78
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Basic and diluted net loss per share for each period presented is the same. We did not include the securities described in the following table in the computation of diluted net loss per share because these securities would have an anti-dilutive effect due to our net loss for those periods. We used diluted shares when computing the income per share from discontinued operations for the three months ended July 31, 2012 (amounts in thousands):

 

     Three Months Ended      Six Months Ended  
     July 31,      July 31,  
     2013      2012      2013      2012  

Stock options

     192         53         213         50   

Restricted stock units

     489         481         494         457   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total shares excluded from calculation of diluted loss per share

     681         534         707         507   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(2) We did not include the securities described in the following table in the computation of diluted loss per share because these securities were anti-dilutive during the corresponding periods as the exercise prices of these common shares were above the market price of the common stock for all periods presented (amounts in thousands):

 

     Three Months Ended      Six Months Ended  
     July 31,      July 31,  
     2013      2012      2013      2012  

Shares issuable upon the exercise of stock options that are anti-dilutive

     691         1,225         634         670